The Nibud (National Institute for Family Finance Information) has done some calculations and established new standards. The institute has calculated that a buyer has to pay 1.4 percent of the property's value in additional costs on top of their monthly mortgage payments. Based on this, the maximum mortgage payment can be calculated by subtracting this 1.4 percent from the monthly rent you currently pay. This would give banks a way to also consider regularly paid rent when assessing a mortgage application. After all, you have proven you can afford a mortgage payment of that amount.
Whether you actually get the mortgage depends on the bank. Some banks are more willing to grant loans for home purchases than others. Therefore, it's advisable not to give up on the first rejection. A subsequent visit to the bank might yield a positive result. The condition of your new home is also important. Is it well-maintained or newly built? Then the expected costs will be lower than if, for example, your potential home has an old roof.
For a mortgage application, the bank wants to know as much as possible about the property being financed. A building inspection provides all the ins and outs of the condition of your prospective home.
The cost of a building inspection (up to 250 m²) is only €489 including VAT. We'll conduct a comprehensive building inspection and you'll receive a building report. Do you have any questions? We're happy to help and can schedule an appointment with an expert inspector right away if you wish!
